Reassessment Proceedings under Income Tax Act Can’t Be Initiated Against Deceased Assessee: Kerala HC [Read Order]
The bench opined that since the proceedings were commenced in the year 2022, for determining any period of limitation, the period from the date of which the initial notice under Section 148A(b) of the Income Tax Act, 1961 was issued till the date on which fresh notice is issued shall stand excluded.
In a significant case, the Kerala High Court ruled that reassessment proceedings under the Income Tax Act, 1961 cannot be initiated against a deceased assessee. Section 148A of the Income Tax Act allows the Income Tax officers to initiate reassessment proceedings when they suspect that a taxpayer may have concealed income during any assessment year….
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
